Form 4: PPG Industries Director Lamach Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Michael W. Lamach reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.
Summary
- Michael W. Lamach, a director of PPG Industries, reported a transaction involving phantom stock units.
- On March 12, 2025, Lamach acquired 102.3162 phantom stock units at a price of $110.98.
- These units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors and convert to common stock on a one-for-one basis after termination of service as a director.
- Following the transaction, Lamach beneficially owns 12,328.792 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves phantom stock units within a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of phantom stock units. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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